GC=F vs. FXA
Compare and contrast key facts about Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or FXA.
Correlation
The correlation between GC=F and FXA is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GC=F vs. FXA - Performance Comparison
Key characteristics
GC=F:
2.06
FXA:
-0.65
GC=F:
2.59
FXA:
-0.84
GC=F:
1.37
FXA:
0.90
GC=F:
3.78
FXA:
-0.16
GC=F:
10.45
FXA:
-1.47
GC=F:
2.89%
FXA:
3.76%
GC=F:
14.53%
FXA:
8.51%
GC=F:
-44.36%
FXA:
-40.97%
GC=F:
-5.73%
FXA:
-34.76%
Returns By Period
In the year-to-date period, GC=F achieves a 27.46% return, which is significantly higher than FXA's -6.78% return. Over the past 10 years, GC=F has outperformed FXA with an annualized return of 7.37%, while FXA has yielded a comparatively lower -1.92% annualized return.
GC=F
27.46%
-0.74%
13.48%
28.91%
10.83%
7.37%
FXA
-6.78%
-3.63%
-5.11%
-6.57%
-1.61%
-1.92%
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Risk-Adjusted Performance
GC=F vs. FXA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
GC=F vs. FXA - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, which is greater than FXA's maximum drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for GC=F and FXA. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. FXA - Volatility Comparison
Gold (GC=F) has a higher volatility of 5.48% compared to Invesco CurrencyShares Australian Dollar Trust (FXA) at 2.67%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.